Crude oil price managed to surpass the EMA50 and settles below it now, which supports the continuation of our bearish overview efficiently for the rest of the day, waiting for more decline to visit 56.00 followed by 54.60 levels as next main stations, reminding you that the continuation of the expected bearish trend depends on the price stability below 57.40.
The expected trading range for today is between 55.00 support and 57.40 resistance.
The expected trend for today: Bearish